Day Trading Radio Blog Alert - Market Radar for May 7th 2014 Bearish Bias

Published: Tue, 05/06/14

 
 

2014-05-06 20:51:10-04
Market Radar for May 7th 2014 Bearish Bias

Today's actions was very weak but stayed barely inside yesterdays range . I expect that to be broken tomorrow to the downside. The stocks are setting up nice but because of the short term trend the falling tide will benefit shorts a bit more.  Watch the 9;50am area tomorrow. Personally I continue to look at the rising trend line in the overall trend that comes in under us around 1815.00+/-5. Eventually this will be tested. The 1,000,000 question is has it begun today? Being so close to highs it is not a bad level to look for some protection in the market, SPXU, VXX, ect

https://www.youtube.com/watch?v=ojsWN-BAYSo&feature=youtu.be

 




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